Homes In Charlotte Will Only Continue To become More Expensive

[Cole Simpson]

Zillow ranked Charlotte as the fifth hottest market in the country for 2022 while PropertyShark listed Charlotte as the No.1 cheapest city to live in with the best weather. ⁣
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Compared to other large cities, Charlotte has the most affordable housing and most mild weather, according to Forbes.⁣
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The market will still favor sellers, and buyers should anticipate challenges. But it is possible to buy a house in this market, you just have to come ready with your game face on.⁣

The median price for a home in Charlotte is $409,327 up from $348,739 a year ago, according to the latest from Canopy. That's a 17.4% price increase.

As Charlotte continues its ascent as a premier destination for people to live, the imbalance in supply and demand will persist. Interest rates will cool demand to some degree, but not enough to balance the market.

This year buyers will be a bit more selective, so really preparing your home for the market is important, and overpricing your home initially could actually end up hitting your bottom line.

What are your thoughts?